Cavotec announces corporate re-organisation

Under the proposal all existing shareholders in Cavotec MSL will be asked to exchange their shares for shares on a one-for-one basis in the newly created Swiss holding company through a Scheme of Arrangement under part 15 of the Companies Act 1993. The underlying businesses and assets of the Cavotec group will remain unchanged. The newly incorporated Cavotec SA will apply for a sole listing at the Stockholm Exchange – subject to normal approval processes. The Board of Director’s of Cavotec MSL unanimously recommends this course of action to shareholders and hopes that shareholders will provide indicative support for this proposal at the Annual General Meeting to be held on 28 April 2011.